Asian Defence & Diplomacy
June 12, 2011
India's largest shipbuilder by market capitalization, private Pipavav Shipyard Ltd. (PSL) has won an order from the Indian Navy valued at around $660million to build five naval gunboats and offshore patrol vessels.
Pipavav Shipyard has become the first to receive a warship production license from the Indian government "Increasing focus of government of India on indigenisation of defence production will propel private participation in this segment," the firm said in a presentation to investors.
Covering over 200 hectares with approximately 720 m of sea front and 685 m of outfit quay, PSL has one of the largest drydocks in the world. Two cranes of 600 T capacity each, which service the drydock and the adjoining pre-erection berth, enabling PSL to handle up to 1200 T pre-outfitted ship blocks. “Following a modular approach to ship building, the yard is capable of turning around large Panamax ship at fast pace, " Networth Stock Broking said in its research report.
PPL has also signed MoU’s with SAAB Dynamics, Northrop Grumman, and Babcock Group, UK.